US soya trading mixed – HGCA

FUND selling activity pushed Chicago soyabean prices lower last week, as potential record South American soya crops, and record US soya plantings offset the positively considered monthly US crop report.

Some price support was provided by the ending of the US/China spy plane conflict, while wet weather conditions in the US Midwest added price pressure towards the end of the week.

The delay in plantings may encourage farmers to plant more soya at the expense of maize.